Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
2 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended 11 Months Ended
Mar. 31, 2021
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Jun. 30, 2021
Jun. 30, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:              
Net income $ (900,645) $ 1,614,129 $ 8,423,391 $ 9,079,728 $ 8,179,083 $ 10,037,520  
Adjustments to reconcile net income to net cash used in operating activities:              
Change in fair value of derivative warrant liabilities         (9,414,000) (13,075,000)  
Offering costs associated with derivative liabilities   0   0 997,440 0  
Income from investments held in Trust Account   (515,152)   (5,170) (7,897) (637,668)  
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares         25,000 0  
Changes in operating assets and liabilities:              
Prepaid expenses         (22,016) (40,833)  
Accounts payable         723,584 (399,502)  
Accrued expenses         (581,885) 3,051,604  
Net cash used in operating activities         (100,691) (1,063,879)  
Cash Flows from Investing Activities:              
Cash deposited in Trust Account         (345,000,000) 0  
Net cash used in investing activities         (345,000,000) 0  
Cash Flows from Financing Activities:              
Repayment of promissory note to related party         (89,890) 0  
Proceeds received from initial public offering, gross         345,000,000 0  
Proceeds received from private placement         8,900,000 0  
Offering costs paid         (6,901,114) 0  
Net cash provided by financing activities         346,908,996 0  
Net change in cash         1,808,305 (1,063,879)  
Cash - beginning of the period $ 0   $ 1,133,702   0 1,133,702 $ 0
Cash - end of the period   $ 69,823   $ 1,808,305 1,808,305 69,823 $ 1,133,702
Supplemental disclosure of noncash financing activities:              
Offering costs included in accounts payable         74,285 0  
Offering costs included in accrued expenses         768,000 0  
Offering costs paid by related party under promissory note         89,890 0  
Deferred underwriting commissions         $ 12,075,000 $ 0